Techno Electric and Engineering Company Ltd has transferred 12 MW Wind Power Assets situated in the state of Karnataka to its Wholly Owned Subsidiary Company, Simran Wind Project Ltd against issue of shares in the subsidiary company.
The effective valuation of the said assets is Rs. 4564.89 lakhs.
Post this transfer, the company doesn't hold any wind power assets in its portfolio and the wind power assets of its subsidiary, Simran Wind Project Ltd. increased to 129.9 MW.
Shares of TECHNO ELECTRIC AND ENGINEERING CO. LTD. was last trading in BSE at Rs.362 as compared to the previous close of Rs. 367.45. The total number of shares traded during the day was 5679 in over 340 trades.
The stock hit an intraday high of Rs. 367.55 and intraday low of 361.35. The net turnover during the day was Rs. 2066567.